Announcement date
23 September 2024
Link to announcement
APRA remakes Prudential Standard APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book (Advanced ADIs) | APRA
Problem being addressed
APRA notes that under the Legislation Act 2003, the Prudential Standard APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book is due to sunset on 1 April 2025.
Proposal
APRA propose to remake the regulations without significant changes.
Assessed Impact Analysis outcome
Sunsetting instrument